Seed treatment market to grow at a CAGR of 9.6% from 2014 to 2020
In 2013, the global seed treatment market was worth USD 2.98 billion. Increasing pesticides & fertilizers price, cost of farm-level seed treatment and increasing cycles of crop rotation are some of the critical factors likely to drive market growth. Moreover, easier management of residue, conventional agrochemical application and higher yield of better quality agricultural products are other key drivers of the market. Emergence of new technologies and increasing seed prices promise better agronomic performance and higher yields. Hence, an increasing number of farmers and growers have changed their preference to seed treatment to look after their valued investments. Seed treatment chemicals have lesser or no harmful impact on the consumers, environment and workers as compared to the conventional chemical agents. Corn/maize was the largest crop type subjected to seed treatment accounting for over 30% of the market in 2013. High vulnerability of these crops towards pests/insects led to the high market share. View summary of this report analysis/seed-treatment-market
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